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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:22 EDTFTE, KKR, DTEGY, TDeutche Telekom, Orange plan IPO for Everything Everywhere, Sunday Times says
Deutsche Telekom (DTEGY) and France Telecom's (FTE Orange are close to appointing advisers for a proposed GBP10B IPO of Everything Everywhere, which could take place in 4Q13, the Sunday Times reports. While an IPO is viewed as the most likely outcome, Everything Everywhere may get sold outright. KKR (KKR), Apax and AT&T (T) are considered to be potential bidders. Reference Link
News For DTEGY;FTE;T;KKR From The Last 14 Days
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April 20, 2015
08:37 EDTKKRKKR, Anchor Equity to acquire controlling stake in Groupon's Ticket Monster
Private equity investor Anchor Equity Partners and global investment firm KKR (KKR) have signed a definitive agreement to acquire a controlling stake in leading South Korean mobile commerce company Ticket Monster from Groupon (GRPN). Anchor and KKR, in conjunction with TMON’s management, will jointly acquire a controlling stake in TMON and will inject new capital into the company to help fund its future growth opportunities. Anchor and KKR will hold equal stakes in the company. Some of the world’s largest pension, sovereign wealth funds and institutional investors, including the Canada Pension Plan Investment Board and Pavilion Capital, will also be participating as investors in this transaction. Groupon, which acquired TMON in January 2014, will retain a fully diluted 41% minority stake in the company. The investment is based on a $782M fully diluted valuation of TMON. KKR and Anchor will work closely with TMON’s co-founder and CEO Dan Shin and the management team to grow the business. The transaction is expected to close in the second quarter of 2015, subject to regulatory and customary closing conditions.
08:33 EDTKKRGroupon agees to sell 46% stake in Ticket Monster to KKR for $360M
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April 16, 2015
08:03 EDTKKRKKR closes $1.34B direct lending fund
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April 15, 2015
06:46 EDTTAT&T files lawsuit to challenge net neutrality order, WSJ says
AT&T filed a lawsuit to overturn the FCC's net neutrality order to reclassify the internet as a telecommunications service, reports the Wall Street Journal. The move is surprising, as AT&T didn't join in prior suits, the Journal adds. Reference Link
April 14, 2015
13:02 EDTKKRFly Watch: Analyst expects strong Q1 results from private equity firms
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12:40 EDTTPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
10:00 EDTKKRGroupon core business still key to valuation, says Piper Jaffray
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08:27 EDTKKRPrivate equity business model strong, results likely strong, says Oppenheimer
Oppenheimer's analyst says that private equity's business model is the best one he has seen in 30 years of following financial stocks. The firm expects most of the companies in the sector to report strong Q1 results, and predicts that investors will gain confidence in the sustainability of private equity firms' businesses. Oppenheimer identifies Crane (CR) and KKR (KKR) as its favorite names in the sector.
08:04 EDTKKRKKR names Luis Tellez as senior advisor
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07:00 EDTKKRKKR investor consortium close to deal to buy stake in Ticket Monster, WSJ says
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April 13, 2015
20:16 EDTTUSTelecom files net neutrality lawsuit against FCC
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April 9, 2015
18:11 EDTKKRUniCredit, KKR, Intesa to pool together restructured loans, Reuters says
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April 8, 2015
13:11 EDTTAT&T to pay $25M civil penalty for consumer privacy violations
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08:58 EDTKKRKKR to surrender part of Maxeda, seeks $217M writeoff, Bloomberg says
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April 7, 2015
07:34 EDTTMobileIron announces availability of AT&T Work Platform
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April 6, 2015
06:45 EDTTQualcomm downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Qualcomm (QCOM) to Market Perform, removed the stock from its Top Picks list and dropped its price target for shares to $72 from $80. FBR said the moves were prompted by a posting on AT&T's (T) website which said the carrier’s version of the GS6 smarphone is powered by the Samsung Exynos 7420 processor with a Shannon 333 modem as opposed to Qualcomm's Snapdragon platform. FBR still expects the Verizon (VZ) and Sprint (S) GS6 versions to sport Qualcomm modems, but it believes the change at AT&T signals Samsung’s "clear intent to utilize proprietary baseband whenever and wherever possible." Shares of chip maker Qualcomm closed Thursday down $1.46 to $67.97.

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